XML 22 R13.htm IDEA: XBRL DOCUMENT v3.22.2
Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Movements in goodwill attributable to each reportable segment for the six months ended June 30, 2022 were as follows:
(DOLLARS IN MILLIONS)NourishHealth & BiosciencesScentPharma SolutionsTotal
Balance at December 31, 2021$6,555 $6,749 $1,828 $1,282 $16,414 
Acquisitions— 45 — — 45 
Transferred to assets held for sale— 11 — — 11 
Foreign exchange(131)(179)(42)(47)(399)
Balance at June 30, 2022$6,424 $6,626 $1,786 $1,235 $16,071 
Other Intangible Assets
Other intangible assets, net consisted of the following amounts:
June 30,December 31,
(DOLLARS IN MILLIONS)20222021
Asset Type
Customer relationships$8,794 $8,935 
Technological know-how2,430 2,494 
Trade names & patents399 411 
Other48 50 
Total carrying value 11,671 11,890 
Accumulated Amortization
Customer relationships(1,162)(887)
Technological know-how(505)(388)
Trade names & patents(90)(68)
Other(47)(41)
Total accumulated amortization(1,804)(1,384)
Other intangible assets, net$9,867 $10,506 

Impairment of Intangible Assets
As discussed in Note 1, an impairment charge of approximately $92 million has been recorded in connection with intangible assets of an asset group that operates primarily in Russia.
Amortization
Amortization expense was $184 million and $200 million for the three months ended June 30, 2022 and 2021, respectively, and $370 million and $352 million for the six months ended June 30, 2022 and 2021, respectively.
Amortization expense for the next five years is expected to be as follows:
(DOLLARS IN MILLIONS)20222023202420252026
Estimated future intangible amortization expense$372 $738 $737 $734 $732